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Phillips Edison reported strong third-quarter results and raised its 2026 FFO guidance, highlighting continued growth in its grocery-anchored portfolio. The stock is down 1% on the day at $38.19.
Phillips Edison reported strong results for the third quarter of 2026. The company raised the midpoint of its 2026 Nareit FFO guidance to $2.70 per diluted share, which is a 6.3 percent increase year over year, according to ChartMill. Phillips Edison issued 0.2 million common shares for $6.4 million in net proceeds during the third quarter and 2.2 million shares for $91.7 million in net proceeds year to date through September 30, 2026, Stock Titan reported.
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Price lost the MA-50 at $38.2 during the session after closing above it. Shares of Phillips Edison are sitting just below the MA-50 and MA-200, but above the MA-20, reflecting a split daily structure. CCI at 127 is in overbought territory, which limits room for further upside.
Traders should watch for a close above $38.2 to confirm buyers are willing to follow through. In the prior session, the price moved above this area but then slipped back below it by the close. Even so, the downside probability for the coming trading week stands at 65%, while the probability of upside is 35%, with an expected range between $37.31 and $39.06. A drop below $37.86 would show the move is being faded. On the weekly chart the longer-term picture stays negative.
Earlier, analysts noted that Phillips Edison's stable technical structure and new digital initiatives set the stage for potential recovery despite near-term caution. The current shift in technical posture, with shares losing key moving averages despite strong fundamental guidance, highlights $37.86 as an important downside level for traders to monitor in the coming week.